The recently passed $1.2 trillion spending bill by the U.S. Senate and signed by President Biden did not directly address the key legislative issues affecting the municipal bond market. However, there are flickers of hope for potential reforms in the coming months leading up to the November elections. Initiatives such as reforming rules on Low
Federal Reserve Gov. Lisa Cook recently emphasized the necessity for a cautious approach when it comes to cutting interest rates in the United States. According to Cook, it is essential to allow more time for inflation to slow down in certain sectors of the economy before taking further action. This cautious stance was reinforced by